Nanjing Jialitu Data Center Environment Technology Co., Ltd. 2026 First Quarter Convertible Bond Conversion Results and Shareholding Changes Announcement

Stock Code: 603912 Stock Short Name: Jialitu Announcement No.: 2026-020

Bond Code for Convertible Bonds: 113597 Convertible Bond Short Name: Jialitu Convertible Bonds

Nanjing Jialitu Data Center Environment Technology Co., Ltd.

Results of Convertible Bond to Equity Conversion in the First Quarter of 2026 and Announcement of Changes in Share Capital

The Board of Directors of the Company and all of its directors guarantee that there are no false records, misleading statements, or material omissions in the contents of this announcement, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents.

● Cumulative conversion status: As of March 31, 2026, an aggregate of RMB 2,759,000 of “Jialitu Convertible Bonds” has been converted into the Company’s shares, with a total number of shares converted of 246,715 shares, representing 0.0579% of the total issued shares of the Company prior to the conversion of “Jialitu Convertible Bonds.”

● Unconverted convertible bond balance: As of March 31, 2026, the amount of “Jialitu Convertible Bonds” not yet converted is RMB 297,241,000, representing 99.0803% of the total issuance of convertible bonds.

● Conversion status during this quarter: During the period from January 1, 2026 to March 31, 2026, “Jialitu Convertible Bonds” had a conversion amount of RMB 51,000, resulting in 5,873 shares formed through conversion, representing 0.0014% of the total issued shares of the Company prior to the conversion of “Jialitu Convertible Bonds.”

I. Overview of Issuance and Listing of Convertible Bonds

(1) Details of Convertible Bond Issuance

Approved by the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) 《Reply on the Approval of the Public Issuance of Convertible Corporate Bonds by Nanjing Jialitu Data Center Environment Technology Co., Ltd.》 (CSRC Permission No.〔2020〕1326), Nanjing Jialitu Data Center Environment Technology Co., Ltd. (hereinafter referred to as the “Company”) publicly issued 3M convertible corporate bonds on July 30, 2020, with 300.00 million cards in total, each with a par value of RMB 100, and total issuance amount of RMB 3M. The coupon rates were specifically: 0.50% for the first year, 0.70% for the second year, 1.00% for the third year, 1.80% for the fourth year, 2.50% for the fifth year, and 3.00% for the sixth year, with a term of 6 years.

(2) Details of Convertible Bond Listing

With approval from the Shanghai Stock Exchange’s self-regulatory decision letter No.〔2020〕270, the 300M convertible corporate bonds issued by the Company were listed and traded on the Shanghai Stock Exchange starting from August 21, 2020. The bond name is “Jialitu Convertible Bonds,” and the bond code is “113597.”

(3) Convertible Bond Conversion Price

Pursuant to relevant provisions such as the 《Shanghai Stock Exchange Rules for the Listing of Stocks》 and other related regulations, as well as the provisions of the 《Offering Memorandum for the Public Issuance of Convertible Corporate Bonds by Nanjing Jialitu Data Center Environment Technology Co., Ltd.》 (hereinafter referred to as the 《Offering Memorandum》), “Jialitu Convertible Bonds” are convertible into the Company’s shares starting from February 5, 2021. The initial conversion price of “Jialitu Convertible Bonds” is RMB 23.40 per share. The current conversion price is RMB 8.68 per share. The adjustments to the conversion price are as follows:

On May 10, 2021, the Company convened the 2020 annual general meeting of shareholders, which considered and approved the 《Proposal on the Company’s 2020 Profit Distribution》: The Company planned to distribute profits based on the total share capital registered on the equity record date for implementation of the equity distribution, and to pay all shareholders a cash dividend of RMB 2.5 per 10 shares (including tax). The equity registration date for this profit distribution was June 22, 2021, and the date for paying cash dividends was June 23, 2021. According to the issuance terms in the 《Offering Memorandum》 and the CSRC’s relevant provisions regarding the issuance of convertible bonds, the conversion price of “Jialitu Convertible Bonds” was adjusted from RMB 23.40 per share to RMB 23.15 per share, with the conversion price adjustment date being June 23, 2021.

On April 20, 2022, the Company convened the 2021 annual general meeting of shareholders, which considered and approved the 《Proposal on the Company’s 2021 Profit Distribution》: For the year 2021, the Company planned to distribute profits based on the total share capital registered on the equity record date for implementation of the equity distribution, and to pay all shareholders a cash dividend of RMB 2.5 per 10 shares (including tax); and to increase share capital to all shareholders by capitalizing capital reserve funds, with 4 shares added for every 10 shares. The equity registration date for this profit distribution was June 15, 2022, and the ex-rights and ex-dividend date was June 16, 2022. According to the issuance terms in the 《Offering Memorandum》 and the CSRC’s relevant provisions regarding the issuance of convertible bonds, the conversion price of “Jialitu Convertible Bonds” was adjusted from RMB 23.15 per share to RMB 16.36 per share, with the conversion price adjustment date being June 16, 2022.

The Company completed the registration procedures for non-public issuance of shares on March 28, 2023, resulting in an increase in share capital of 83,221,388 shares. For details, please refer to the 《Announcement on the Results of the Non-public Issuance of Shares and Changes in Share Capital》 disclosed by the Company on March 30, 2023 on the website of the Shanghai Stock Exchange (www.sse.com.cn) (Announcement No.: 2023-035). According to the issuance terms in the 《Offering Memorandum》 and the CSRC’s relevant provisions regarding the issuance of convertible bonds, the conversion price of “Jialitu Convertible Bonds” was adjusted from RMB 16.36 per share to RMB 15.20 per share, with the conversion price adjustment date being March 31, 2023.

On May 12, 2023, the Company convened the 2023 fourth extraordinary general meeting of shareholders, which considered and approved the 《Proposal on the Company’s 2022 Profit Distribution》: For the year 2022, the Company planned to distribute profits based on the total share capital registered on the equity record date for implementation of the equity distribution, and to pay all shareholders a cash dividend of RMB 1.0 per 10 shares (including tax); and to increase share capital to all shareholders by capitalizing capital reserve funds, with 4 shares added for every 10 shares. The equity registration date for this profit distribution was June 8, 2023, and the ex-rights and ex-dividend date was June 9, 2023. According to the issuance terms in the 《Offering Memorandum》 and the CSRC’s relevant provisions regarding the issuance of convertible bonds, the conversion price of “Jialitu Convertible Bonds” was adjusted from RMB 15.20 per share to RMB 10.79 per share, with the conversion price adjustment date being June 9, 2023.

On April 12, 2024, the Company convened the 2023 annual general meeting of shareholders, which considered and approved the 《Proposal on the Company’s 2023 Profit Distribution》: For the year 2023, the Company planned to distribute profits based on the total share capital registered on the equity record date for implementation of the equity distribution, and to pay all shareholders a cash dividend of RMB 0.8 per 10 shares (including tax). The equity registration date for this profit distribution was June 6, 2024, and the date for paying cash dividends was June 7, 2024. According to the issuance terms in the 《Offering Memorandum》 and the CSRC’s relevant provisions regarding the issuance of convertible bonds, the conversion price of “Jialitu Convertible Bonds” was adjusted from RMB 10.79 per share to RMB 10.71 per share, with the conversion price adjustment date being June 7, 2024.

On April 15, 2025, the Company convened the 2024 annual general meeting of shareholders, which considered and approved the 《Proposal on the Company’s 2024 Profit Distribution》: For the year 2024, the Company planned to distribute profits based on the total share capital registered on the equity record date for implementation of the equity distribution, and to pay all shareholders a cash dividend of RMB 0.8 per 10 shares (including tax). The equity registration date for this profit distribution was June 6, 2025, and the date for paying cash dividends was June 9, 2025. According to the issuance terms in the 《Offering Memorandum》 and the CSRC’s relevant provisions regarding the issuance of convertible bonds, the conversion price of “Jialitu Convertible Bonds” was adjusted from RMB 10.71 per share to RMB 10.63 per share, with the conversion price adjustment date being June 9, 2025.

As the downward adjustment trigger for the conversion price was triggered, pursuant to the relevant provisions of the Company’s 《Offering Memorandum》, after being considered and approved at the 2025 fourth extraordinary general meeting of shareholders and the 10th meeting of the fourth session of the Board of Directors convened on July 10, 2025, the conversion price of “Jialitu Convertible Bonds” was adjusted downward from RMB 10.63 per share to RMB 8.68 per share, with the conversion price adjustment date being July 14, 2025.

II. Conversion Status of Convertible Bonds This Time

(1) The conversion period of the “Jialitu Convertible Bonds” publicly issued by the Company is from February 5, 2021 to July 29, 2026.

(2) During the period from January 1, 2026 to March 31, 2026, “Jialitu Convertible Bonds” had a conversion amount of RMB 51,000, resulting in 5,873 shares formed through conversion, representing 0.0014% of the total issued shares of the Company prior to the conversion of “Jialitu Convertible Bonds.” As of March 31, 2026, an aggregate of RMB 2,759,000 of “Jialitu Convertible Bonds” has been converted into the Company’s shares, with a total number of shares converted of 246,715 shares, representing 0.0579% of the total issued shares of the Company prior to the conversion of “Jialitu Convertible Bonds.”

(3) As of March 31, 2026, the amount of “Jialitu Convertible Bonds” not yet converted is RMB 297,241,000, representing 99.0803% of the total issuance of convertible bonds.

III. Changes in Share Capital

Unit: shares

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IV. Other Matters

Contact Department: Securities Department

Consultation Telephone: 025-84916610

Contact Email: gaojian@canatal.com.cn (or xujy@canatal.com.cn)

This announcement is hereby issued.

Board of Directors of Nanjing Jialitu Data Center Environment Technology Co., Ltd.

April 2, 2026

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